AUSTRIAN DEBTS
ANXIETY IN CITY OF LONDON GERMANY’S REPUDIATION THREATS. EXCHANGE RESTRICTIONS SUGGESTED. By Telegraph—Press Association. Copyright. LONDON, June 2. The city is worried about the course of the Anglo-German negotiations and the Austrian debt question, as Ger ? many is adopting the attitude that, if pressed, she will repudiate not merely the Austrian but her whole foreign debt, including the Dawes and Young loans.
Influential city men urge that Bri'ain should impose exchange clearing restrictions on Germany if she defaults and thus deprive her of her free sterling balances and aggravate her already great difficulties in obtaining raw materials. The Associated Press understands that the suggestion finds sympathy in Government circles, which are perturbed at Germany’s growing contempt for her obligations.
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Wairarapa Times-Age, 3 June 1938, Page 8
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121AUSTRIAN DEBTS Wairarapa Times-Age, 3 June 1938, Page 8
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